Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
 

  US Stock Markets Ended September 28, 2018
Posted Under: Weekly Market Commentary

 

Stocks closed out the third quarter on a high not as the S&P 500 returned 7.7% during the period. Retail investors put their cash to work as balances at brokerages reached record lows. This coincides with the longest bull market on record. Big banks view the extended run-up in US equites as a sign for investors to exercise caution. Earlier this month, Morgan Stanley sent a note to clients outlining the firm's stance on peaking earnings growth. JP Morgan also informed its clients about the potential for the "America First" trade to stimulate growth could cause the domestic economy to lose its edge. Opposing views by individuals and institutions are not uncommon during periods of prolonged growth. As cash balances become lower in brokerage accounts, the bull markets should continue to see short term momentum. News out of Washington DC was at the forefront of the news cycle last week. The confirmation of Supreme Court nominee Brett Kavanaugh will be delayed due to an FBI investigation requested by Senate Republicans and ordered by President Donald Trump. The investigation, and possible disruption to the confirmation, will set the tone for the November mid-term elections which have historically produced a "bump" to stocks in the final quarter. A presentation by Abbot Laboratories showed its MitraClip device shortened the length of hospital stays and led to longer lives for heart failure patients. The $1.9 billion-dollar aortic market has competition from Edwards Lifesciences, a top performer in the S&P 500 last week. On the schedule for next week, economic reports for consumer sentiment, employment, and durable goods will shape the fourth quarter outlook. 

Posted on Monday, October 1, 2018 @ 8:44 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L. P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
Weekly Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
US Economy and Credit Markets Ended September 28, 2018
S&P 500 Index’s Dividend Payout Hit an All-Time High in Q2’18
S&P 500 Index Companies Set Stock Buyback Record in Q2’18
US Stock Markets Ended September 21, 2018
US Economy and Credit Markets Ended September 21, 2018
Health Care Stock Returns Have Outpaced Rising Health Expenditures
Trump Rally (11/8/16-9/14/18) vs. Trump Tariffs (3/8/18-9/14/18)
Optimism at a 20-Year High
US Stock Markets Ended September 14, 2018
US Economy and Credit Markets Ended September 14, 2018
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2019 All rights reserved.